FEATURE | Clock ticks on Trump’s ultimatum after Iran dismisses truce offer

The Pakistani-brokered framework for ending the war emerged from intense overnight contacts and proposes an immediate ceasefire, followed by talks on a broader peace settlement to be concluded within 15 to 20 days, a source aware of the proposals said on Monday.

Pakistan's army chief, Field Marshal Asim Munir, was in contact, "all night long," with US Vice President JD Vance, special envoy Steve Witkoff and Iranian Foreign Minister Abbas Araqchi, the source said.

Iran's foreign ministry spokesperson Esmaeil Baghaei said on Monday that Tehran's demands, "should not be interpreted as a sign of compromise, but rather as a reflection of its confidence in defending its positions." He added that earlier US demands, such as a 15-point plan, were rejected as "excessive".

Trump will speak about the ceasefire proposal at a press conference at 13:00 ET (18:00 GMT), a White House official told Reuters. "This is one of many ideas, and (Trump) has not signed off on it. Operation Epic Fury continues," they said, referring to the US name for the operation against Iran.